Showing signs of maturity, the Slovenian IT services market is expected to surpass $290 mln in 2007, a jump of just over 10% from 2006. The increasingly technology-dependent economy will fuel IT services uptake at the same time privatization forces organizations to modernize both their IT infrastructure and business processes. Coupled with the ongoing impact
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A new study which shows that treating children with severe pneumonia at home is just as effective as treating them in hospitals could significantly change the way the illness is managed in developing countries, saving a significant number of lives every year and taking pressure off health systems. The research, conducted in Pakistan by researchers
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The Cyprus Commerce Ministry announced that the winter sales period for retail establishments will start from January 14, 2008 and end on March 1, 2008. The sales refers to clothing, footwear, household equipment and furniture.
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The Cyprus Inland Revenue reported yet another bumper tax receipts on the back of intense activity in the property market and also on the back of higher corporate tax receipts as the economic expansion feeds more money into government coffers. Total tax revenue in the first eleven months of 2007 jumped 43.3% YoY to CYP
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Stock markets around the globe were awaiting the release of the nonfarm payrolls this afternoon from the US for direction, with sentiment mixed with Wall Street closing unchanged on Thursday, while Tokyo headed lower. The CSE General Index remained in the red during the whole of Thursday’s trading session, with banking stocks, dipping lower. HB,
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British Airways is to launch new mainline scheduled flights from Pafos to London this summer, offering both business and leisure travellers an additional choice for their direct flights to London and on ward connections. The new British Airways service from Pafos to London Gatwick will commence on Tuesday July 1st 2008 with flights operating on
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Cypriot Minister of Foreign Affairs Erato Kozakou Marcoullis will carry out a working visit to Jordan and the Palestinian Authorities on January7 and 8. An official statement said that during her visit to Jordan, Marcoullis will meet her Jordanian counterpart Salahhedin Al-Bashir. Among the issues the two Ministers will examine are bilateral relations and the
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The European Year of Intercultural Dialogue 2008 will be launched in Ljubljana on 8 January by the Commission President José Manuel Barroso and the Slovene Prime Minister Janez JanÅ¡a. This will be preceded on 7 January by a conference, also in Ljubljana, entitled “Intercultural Dialogue as the Fundamental Value of the EU” in the presence of Commissioners
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Euro area annual inflation is expected to be 3.1% in December 2007 according to a flash estimate issued by Eurostat, the Statistical Office of the European Communities. It was 3.1% in November. The Member States participating in the euro area as at 31 December 2007 were Belgium, Germany, Ireland, Greece, Spain, France, Italy, Luxembourg, the
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Deutsche Bank analysts expect European banks to outperform in the event that corporate profits and global growth shows a positive performance during 2008. In a report dated January 2, 2008, DB analysts place Bank of Cyprus among their top picks with a price target of EUR 17 per share. DB is forecasting that BOC will
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